Moody’s Corporation (NYSE:MCO) had its target price upped by Argus to $165.00 in a report released on Thursday morning. Argus currently has a buy rating on the business services provider’s stock.

Several other research firms also recently commented on MCO. UBS AG reaffirmed a neutral rating and issued a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Credit Suisse Group reaffirmed a neutral rating and issued a $137.00 price objective (up previously from $131.00) on shares of Moody’s Corporation in a research note on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on Moody’s Corporation from $143.00 to $146.00 and gave the stock a market perform rating in a research note on Monday, November 6th. Piper Jaffray Companies reaffirmed a hold rating and issued a $149.00 price objective (up previously from $140.00) on shares of Moody’s Corporation in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised Moody’s Corporation from a hold rating to a buy rating and set a $148.00 price objective on the stock in a research note on Thursday, August 17th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Moody’s Corporation presently has an average rating of Hold and a consensus target price of $150.22.

Moody’s Corporation (NYSE:MCO) traded down $0.90 during midday trading on Thursday, hitting $142.19. The stock had a trading volume of 546,600 shares, compared to its average volume of 748,833. The company has a debt-to-equity ratio of -36.49, a current ratio of 1.15 and a quick ratio of 3.69. Moody’s Corporation has a 1 year low of $93.51 and a 1 year high of $148.00. The company has a market capitalization of $27,172.51, a P/E ratio of 24.82, a P/E/G ratio of 2.52 and a beta of 1.35.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.37 by $0.15. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. During the same quarter last year, the company earned $1.34 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. analysts forecast that Moody’s Corporation will post 5.94 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Monday, November 20th. Moody’s Corporation’s dividend payout ratio is currently 54.29%.

In related news, Director Darrell Duffie sold 500 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total transaction of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total value of $6,066,178.56. Following the transaction, the insider now owns 292,310 shares of the company’s stock, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. Company insiders own 1.17% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Moody’s Corporation by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock valued at $43,846,000 after buying an additional 3,364 shares in the last quarter. Vanguard Group Inc. grew its holdings in Moody’s Corporation by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after buying an additional 463,669 shares in the last quarter. State Treasurer State of Michigan grew its holdings in Moody’s Corporation by 4.2% during the 2nd quarter. State Treasurer State of Michigan now owns 159,015 shares of the business services provider’s stock valued at $19,349,000 after buying an additional 6,400 shares in the last quarter. Fiera Capital Corp grew its holdings in Moody’s Corporation by 17.8% during the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after buying an additional 876,210 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in Moody’s Corporation by 11.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 50,640 shares of the business services provider’s stock valued at $6,162,000 after buying an additional 5,316 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

About Moody’s Corporation

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

Analyst Recommendations for Moody`s Corporation (NYSE:MCO)

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